Southwest operational meltdown as hundreds of flights canceled or delayed

Re:Southwest operational meltdown as hundreds of flights can... by toyg on Monday October 11, 2021 @06:47AM (#28826850)

The thing is, a company isn't a person. In fact, LTDs were effectively invented in order to dissociate company lifecycles from human ones.

So, from a purely rational perspective, if the company makes $100m profit over 10 years then gets "sick", well, job done - you just start another one and carry on. Money doesn't care for future consequences; if anything, inflation puts pressure on disposing of profits quickly while postponing losses (and risk), even if doing so will eventually kill the company.

Extreme "financialization" of our ways of production has given us great rates of efficiency and innovation, at the expense of long-term stability.

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Re:Southwest operational meltdown as hundreds of flights can... by piva00 on Monday October 11, 2021 @08:05AM (#28827395)

> So, from a purely rational perspective, if the company makes $100m profit over 10 years then gets "sick", well, job done - you just start another one and carry on. Money doesn't care for future consequences; if anything, inflation puts pressure on disposing of profits quickly while postponing losses (and risk), even if doing so will eventually kill the company.

This is a purely financial take, not necessarily a purely rational one. I say that because it's pretty easy to dismiss all the human aspect of a company dying, all the suffering it creates as something to not be taken "rationally" but what it actually means is to push the human-factor into the statistics field and be done with it.

I don't agree with this worldview.

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